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CSPAN
Dec 7, 2012 5:00pm EST
. this 100th of congress plus it puts the fiscal cliff and place right now and you lay it out i'm sorry, count me out. stacte want to take the first question? >> you raise a good point. this is where people's eyes glaze over. they can say whatever you want them to say. but the notion, i do think that there's been to the relationship between revenues and the titles and if we want to go bigger the better we need to push all of those, the smaller unit and the less you do on the other side, but there are some who say the idea of the american public is going to buy into this notion okay we are going to look devotees taxes go up so everything can be returned in a tax cut, and we go through this magical power. they are going to think 90% of the approval. so, you're going to have a general consensus. you do this year to get 500 of that in the interest savings alone. this should not be as challenging as it is. >> the other thing i would disagree about is the fact and i have been a huge jet kit and continue to be a huge advocate of tax reform debate and it's a critically important piece and i do
CSPAN
Dec 6, 2012 9:00am EST
cliff to show that neither he nor democrats in congress are acting in good faith in these negotiations. with just a few weeks to go before a potentially devastating and entirely avoidable blow to the economy, the president proposed a plan that members of his own party won't even vote for. so i think it's safe to say at this point that the president actually isn't interested in a balanced agreement, he's not particularly interested in avoiding the fiscal cliff, and he's clearly not interested at all in cutting any spending. what the president is really interested in, as we learned just yesterday, is getting as much taxpayer money as he can, first, by raising taxes on small business that he believes are making too much money and then on everybody else, not so he can lower the debt or the deficit but so he can spend to his heart's contefnlts for months the president has been saying all he wants is to raise taxes on the top 2% so he can tackle the debt and the deficit. however, yesterday he finally revealed that's not really his true intent. by demanding the power to raise the debt limit w
CSPAN
Dec 10, 2012 12:00pm EST
. avoiding the fiscal cliff is no excuse for republicans to replace this artificial crisis with another one. congress should pass the proposal to end periodic standoffs over the debt ceiling. this plan would give president obama the authority to avoid default over the nation's bills. democrats are ready to vote any time but first senator mcconnell needs to stop filibustering his own legislation rhode island now speaker boehner and minority leader mcconnell are the only thing standing between congress and compromise. it's time for them to prove to american families that they're more interested in protecting the medal class than pleasing the tea party. mr. president, on another subject, i rise to honor our colleague, the senior senator from nebraska, ben nelson, upon his retirement from the united states senate, to become effective after the first of the year. for 12 years senator nelson has been a valued member of the democratic caucus and an exemplary senator for nebraska and the country. but his life in public service leads back to his youth. he spent his college days serving his nebraska committee in anot
CSPAN
Dec 7, 2012 12:00pm EST
congress talk about their perceptions of negotiations over what is called the fiscal cliff. also, don't forget to explore the history and literary culture of new york capital city of albany this weekend. book tv is on c-span2 and american history to be on c-span three. >> coming up at 7:00 c-span will be lot of discussion unskilled immigrants. virginia senator mark warner is sponsoring a bill to allow more highly skilled veterans and to the u.s. >> we have had these this the five explosions of knowledge in madison, but we have not coordinated care. all the services that we have end up having some any cracks that the cracks are as harmful as the diseases that we are treating. we have to step back and ask, you know, are we hurting people overall? and income on a global level where we doing some times? and, of course, now we have to these reports saying 30 percent of everything we do may not be necessary in after. we will be step back, 30 percent of all the medications we prescribe, the tests we order, the procedures. this is something, i think, which is for the first time really being cal
CSPAN
Dec 4, 2012 12:00pm EST
an agreement have to be part of the agreement to divert the fiscal cliff? >> we're not going to negotiate over what is a fundamental responsibility of congress, which is to pay the bills that congress incurred. it should be part of the deal. it should be done. it should be done without drama. we cannot allow our economy to be held hostage again to the whims of an ideological agenda. it's -- we are the united states of america. we are the greatest economy on earth. we pay our bills. we always have. you know, if congress wants to reduce spending, that should be part of the negotiations that go into making decisions about how we spend, you know, the programs we spend money on, and the president's very interested in reducing spending and reducing our deficits, but you don't default on the economy. that is -- we saw -- >> [inaudible] >> yes. we saw what happened in 2011, and it's unacceptable. >> did the president have to chance to speak to republicans last night at the reception here about the fiscal cliff? >> i won't read out conversations. the president and first lady met with scores and scores of lawmakers last night as is the norm in a situation li
CSPAN
Dec 7, 2012 9:00am EST
heard about this fiscal cliff. that's the convergence of higher tax rates and, of course, all the spending. >> both parties, democrats and the republicans need to come together. >> the our three branches of government, and congress, and the president are equal. and pretty much neither one has the right position for the country. >> i know that america is going to be a great country again. and that will fix the problems we have at home, and bring together the two parties that are dividing the country, and fighting for different things. i know that this is going to happen. >> we're only going to get out of this together. we're not going to get out of it as a democrat. we're not going to get out of it as republican. we're going to get out of it as an american. >> thank you, ed. thank you, joan. we're going to get on with a program right now. let the introduce the moderator of that program, ron brownstein. on its editorial director of the "national journal," which means he oversees all the little coverage coming out of our company. he writes a weekly column for "national journal." is regularly on cnn and major cable networks. the realnetworks. and he is one of the most astute analysts i think in washington. we've had a co
CSPAN
Dec 6, 2012 5:00pm EST
have to be dealt with by the end of the year and in the fiscal cliff negotiation, what are the options for congress right now on december -- what is it the sixth today? >> these are kind of an afterthought at this point because often, as i said, all these are extended for your or two at a time. they talk about trying to make the list shorter, but if they have to, december 29th, they need to pass something, all they have to do is pass everything for a year and it won't costs so much. they get to this after figuring out the bigger question. >> host: they can do in one bill? text extenders and list the different -- >> guest: you will go in the big fiscal compromise and you won't your a lot about unless someone is like wait a second, they passed a nascar tax break? that is a deduction and they probably will because tax extenders' were in the financial bailout. they usually get stuck in the big bill. >> host: right now what is the status of the so-called tax extenders? >> guest: the financing--senate finance committee passed a bill in august. the house has not formally acted but they send signals that they ar
CSPAN
Dec 3, 2012 5:00pm EST
the fiscal cliff negotiations. from "washington journal," it is 10 minutes. the >> host: looking at the fiscal cliff we turn our attention to deductions and tax loopholes. some of them are potentially on the chopping block. congress and white house negotiate how to move forward. joining us to talk about this from "the wall street journal" is john mccann in. let's start out with the basics. what are loopholes and deductions? we hear those words a lot, but what are they? >> guest: loopholes are in the eye of the beholder. who pulls our tax breaks of all different sorts and what do you make a particular loophole or not depends on where you said i think. there are lots of loopholes that are deductions are deductions are the ones that most people are most familiar with. the big itemize deductions are things like a home mortgage interest deduction. there is a deduction for state and local taxes is very important. the deduction for charitable contributions is real important. there's all kinds of other breaks that exist in a tax code that people are less familiar with. there were some of those people aren't aware that all that are very big and important. for instance, the health care that most of us get it work represents a
CSPAN
Dec 6, 2012 12:00pm EST
weeks after the election and now four weeks before the date of the fiscal cliff, and as republicans have been pointing out on this floor, mr. president, congress must act soon to take on the numerous expiring tax provisions and the sequester. and i believe president obama must provide leadership in those efforts. i've seen very little so far. last week i came to the floor to speak about the fiscal cliff and some of the concerns that i continue to have and hear about as i travel to wyoming just about every weekend. just got back from there a few days ago, and people are very concerned about the direction of the country and what may happen to all americans on january 1. last week on the floor i spoke about the president's proposal to raise taxes on people making more than $200,000 a year. in terms of spending next year, that tax increase would pay for just 6.8 days of what washington will spend. so the whole proposal that the president continues to make is basically enough to fund the government for not 52 weeks but one week alone. the tax increases that president obama is now trying to push through will really do almost nothing to reduce our nationa
CSPAN
Dec 4, 2012 5:00pm EST
our series looking at the so-called fiscal cliff fleming, we look at different aspects of it. today we turn our attention to the alternative minimum tax and the pack that could come from congress if they're able to work out a deal. if they do nothing come of this will impact 30 million americans. joining us to discuss his georgetown laws, john buckley. thank you for being here. john buckley, let's begin. what is the alternative minimum tax? >> guest: in simple terms, the alternative minimum tax requires you to pay the greater of what you pay under the tax overshoot compute under the minimum tax, which has a slightly broader base. it disallows some deductions that would be allowed. in some respects, it is very similar to the tax on itemized deductions being discussed rather than directly attack preferences and expenditures, it essentially puts an overall cap on the benefit. there's no new ideas in this debate. the cap is a very strong relationship. >> curious form 625 from the irs for the 2011 tax preparation. here is part 1, the alternative minimum taxable income in all these instructions, 28 of them to help you come up whether or not you fall into the amt. how does this work? ho
CSPAN
Dec 5, 2012 9:00am EST
. that's the fiscal cliff, december 31. people are counting down. two-thirds of americans are watching this debate on capitol hill because it affects every single family, every individual. and you think to yourself, could congress possibly step back and let taxes go up on working families? what are we thinking? we know what they're dealing with. many of working families across america struggle paycheck to paycheck. the pew institute did a study last year and asked working families how many could come up with $2,000 in 30 days for an emergency expenditure. it's easy to imagine one. a car repair, a quick trip to the hospital emergency room, $2,000. only half of working families could come up with $2,000 in 30 days. that shows how close to the edge many people live. so now we have before us the possibility that these very same families struggling with these issues are in fact, are in fact going to see their taxes go up december 31. there's one person who will decide that: speaker john boehner, the republican speaker of the house of representatives. why am i putting all this on poor john boehner? a congressman from ohio, from a working family himself. because it's within his power to call before the house of representatives
Search Results 0 to 10 of about 11